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White House Reportedly Backs Trump Ethics Language As CLARITY Act Push Enters The Final Stretch
For weeks, the CLARITY Act has been stalled in the Senate over one question: would the ethics rules in the bill really apply to President Trump, whose family has enormous crypto holdings? According to reports, Sen. Cynthia Lummis (R-Wyo.) and Sen. Bernie Moreno (R-OH) have reached an agreement with the White House on ethics language that directly involves Trump, a development that may finally open the door to a Senate vote on the Digital Asset Market Clarity Act. The development was first reported by Journalist Eleanor Terrett, who said on Monday that she was "hearing from multiple industry sources" that the White ... (full story)
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From tradersunion.com | 31 hr ago
The Block reports that a July 16 meeting between Trump, White House officials and Republican Senators Bernie Moreno and Cynthia Lummis does not produce a clear agreement on ethics language for the Clarity Act. The measure is designed to regulate the cryptocurrency industry at the federal level, but negotiators from both parties are still debating ...
From thehill.com | 19 hr ago
Last month, a major U.S.-based digital asset company’s compliance team discovered that more than $200 million in stablecoins were en route to North Korea. They had eight hours and the technical ability to freeze the transaction, yet reportedly did nothing. Why? Because America’s current laws left them exposed to company-killing levels of civil litigation if ...
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